Advent Convertible and Income Fund Plans Monthly Dividend of $0.12 (NYSE:AVK)

Advent Convertible and Income Fund (NYSE:AVK) announced a monthly dividend on Tuesday, February 4th,Wall Street Journal reports. Investors of record on Friday, February 14th will be given a dividend of 0.1172 per share by the investment management company on Friday, February 28th. This represents a $1.41 annualized dividend and a yield of 11.55%. The ex-dividend date of this dividend is Friday, February 14th.

Advent Convertible and Income Fund Stock Up 0.3 %

Shares of AVK traded up $0.04 during midday trading on Tuesday, reaching $12.18. 119,780 shares of the stock were exchanged, compared to its average volume of 178,217. The stock’s 50 day simple moving average is $12.06 and its 200 day simple moving average is $12.03. Advent Convertible and Income Fund has a twelve month low of $11.06 and a twelve month high of $12.97.

Advent Convertible and Income Fund Company Profile

Advent Claymore Convertible Securities and Income Fund is a closed-ended fixed income mutual fund launched and managed by Advent Capital Management, LLC. The fund primarily invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across the diversified sectors.